BTCUSDT
Updated
BTCUSDT
We are currently seeing some interesting BTCUSDT price action. The second time the price is trying to break through the strong resistance at $31162. We consider two scenarios.
Bearish scenario: If BTC fails to break through the indicated resistance and bounces off of it, we may see a reverse bounce down. Our green trend line may come under pressure and if the price moves lower, the next support levels are in the $23345-$19942 range.
Bullish scenario: In the event of a breakdown and holding positions above the $31162 resistance level, this may open the way for further growth. Here our targets will be in the range of $33900-37100
Our recommendation: We advise you to keep 10-20% of your deposit in BTC in case the 2019 scenario repeats.
Good luck and good deals!
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We are currently seeing some interesting BTCUSDT price action. The second time the price is trying to break through the strong resistance at $31162. We consider two scenarios.
Bearish scenario: If BTC fails to break through the indicated resistance and bounces off of it, we may see a reverse bounce down. Our green trend line may come under pressure and if the price moves lower, the next support levels are in the $23345-$19942 range.
Bullish scenario: In the event of a breakdown and holding positions above the $31162 resistance level, this may open the way for further growth. Here our targets will be in the range of $33900-37100
Our recommendation: We advise you to keep 10-20% of your deposit in BTC in case the 2019 scenario repeats.
Good luck and good deals!
If you like the idea, don't forget to subscribe and rate like👍
Comment
BTCUSDT
Update
At the moment, the price of BTCUSDT continues to move in the side channel, there was an attempt to break through the level of $31162, but it was not successful. In this case, the scenarios that we considered earlier are still valid.
Our recommendation: as before, we advise you to keep 10-20% of your deposit in BTC, based on the possibility of a bullish scenario similar to what we saw in 2019. We also talked about it in more detail in a previous post.
Good luck and good deals!
Comment
BTCUSDT
Update
There is not much to say from our previous analysis.
The price still fluctuates between $30,000 and $31,500. Bitcoin cannot consolidate above the level of $31,162, and with any attempts by the buyer to give an impulse, the sellers extinguish everything with their sales, thereby returning Bitcoin back to the side channel. On a global scale, the whole situation remains unchanged.
We advise you to postpone impulsive purchases and wait for the reaction of bitcoin, and make the decision after the fact.
Our recommendation: We advise you to hold 10-20% of your BTC deposit based on the possibility of a bullish scenario similar to what we saw in 2019. We also talked about this in more detail in a previous post.
Comment
BTCUSDT
Update
After a month of consolidation, bitcoin still broke the channel down. Here the situation is two-sided:
• If this is a false break, then after some time we will see a return back to the channel. In this case, we will again hang out in the consolidation until we catch another impulse.
• If the breakdown is not false, then in this case, it is worth looking for a support zone near the uptrend, indicated by the green line.
We advise you to wait with impulse purchases for now and wait for the reaction of bitcoin.
Our recommendation is as before: we advise you to keep 10-20% of your deposit in BTC, based on the possibility of a bullish scenario similar to what we saw in 2019.
Comment
BTCUSDT
Update
This month has also passed without much change. Bitcoin is still in the sideways. We made a small update and added another support at $26636.
Let's go through the lines on the chart locally:
If the green line is broken, then support should be sought at the levels: $26636 - $23335 -$19942
If bitcoin can break through the resistance marked with a black line, then we will consider the following targets: $33,900 - $37,100
Comment
BTCUSDT
Update
At the time of this writing, Bitcoin is holding at $26,011 and is under resistance at $26,636.
Nothing much has changed since our last review. For now, I will not buy bitcoin because the chances of going up or down are 50/50. For now, we are looking at the support at the levels of $23,345 – $19,942.
Comment
BTCUSDT
Update
Since our last update, the price of Bitcoin has rolled back after the pump and began to gradually creep towards the resistance line. Now we are not making any drastic decisions and are waiting for BTC’s reaction from this line. If there is a fall, then the main support zones are marked with red horizontal lines.
These levels are: $23345 - $19942. Perhaps we will see a return to $26,636
Until now, we recommend keeping about 10% of your deposit in Bitcoin in case we see some strong momentum.
Comment
BTCUSDT
Update
Since our last update, Bitcoin has retreated to $26,600. This is a repeated retest of this level. We wrote about this outcome last time.
Now BTC is drawing a head and shoulders figure. If Head and Shoulders works, then the price will fall to the level of $23,345, or even to $19,942.
This pattern will be considered invalid if the price manages to consolidate above the $30,400 level.
We still recommend keeping about 10% of your Bitcoin deposit in case we see some strong momentum.
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Comment
BTCUSDT
Update
Since our last update, Bitcoin has risen to $30,000.
As we mentioned in the last update, BTC draws a Head and Shoulders figure. At the moment there is no violation of the structure of this figure. The pattern will be considered invalid if the price manages to consolidate above the $30,400 level.
This pump was caused by rumors about the approval of a spot Bitcoin ETF from BlackRock (at the time of writing, BlackRock said that the news was fake)
For now, we would refrain from trading. After all, if the news is fake, then we are growing only at the expense of hamsters. The possible decline will be no less sharp than the growth.
Comment
BTCUSDT
Update
Since our last update, Bitcoin has risen to $31,380.
BTC tried to draw a Head and Shoulders figure, but there was a violation of the structure of this figure. It is no longer relevant, since we have gained a foothold above the key level of $30,400.
As we have mentioned several times, we continue to keep 10% of the portfolio in BTC in case of strong upward impulses.
Briefly on Technical Analysis: The green line is now acting as resistance. For further growth, need to break through it and gain a foothold above it. We are currently monitoring the situation.
Comment
BTCUSDT
Update
Since our last update, Bitcoin has risen to $35,000.
Most likely, he began to work out the scenario that we started writing about back on June 29.
Those who listened to us and kept 10% of their portfolio in BTC in case of strong upward movements are now in chocolate. We hold the position.
Briefly on Technical analysis: The green resistance line has been broken and the path for further growth is still open. The next resistance is at $37,100. We are currently monitoring the situation.
We are also seeing a rebound in altcoins. We are particularly interested in ETH and DOGE. Support for altcoins has not been broken and now, if Bitcoin continues to grow, we may well get a solid increase.
Comment
BTCUSDT
✅🔥 💪 We hit the target of $37100📈
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